In this particular case, my cluster of hotels in the Bay Area have seen our revenues drop by roughly 50-60% in the first week of March and it's only going to get worse. I've seen the numbers for Seattle, and it looks like the Bay Area is about 3-4 days behind on the revenue drop.
I also own several restaurants in San Francisco and on average, revenue is down by 70-80% this past week. Along with many large restaurants in San Francisco, we're planning on closing permanently (or perhaps offering only one service per day) for the next two to four weeks.
Even though my top line revenue is falling through the floor, my expenses are largely unchanged. In the SF market, labor is my most significant cost and with our restaurants, rent is close behind. Without people to service, my direction has been to prepare for the future -- deep cleaning rooms, scrubbing kitchens spotless, constantly patrolling public spaces with cleaning solution and wiping everything down, and performing as many renovation/repairs as possible.
The worst part about all of this is that at some point, with no revenue, I won't be able to afford to keep paying my employees even if they're busy cleaning. I'll furlough them, but I know that this may cause some (many) of them to not be able to pay for housing, food, or transport in the near future. I'm currently working on contingency plans to make sure that my employees are properly taken care of, but it's been rough.